Article: United States: Bankers Petroleum Completes Spin-Off.

Byline: sander03

Tuesday, Bankers Petroleum Ltd. (BNK.TO: News, Chart, Quote ) said under its plan of arrangement, all of Bankers U.S. operations and assets have been spun out into BNK Petroleum, Inc. As per the arrangement, Bankers shareholders as of the Record Time received one BNK-US Share for each ten Bankers Shares.

The exercise price of the purchase warrants listed under symbol BNK.WT will be adjusted from CAD$0.95 to CAD$0.83 per Bankers Share. The Purchase Warrants listed as BNK.WT.A will have their exercise price adjusted from CAD$0.90 to CAD$0.79 per Bankers Share.

In the next ten days, Bankers plans to complete the consolidation of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!